Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. "Without recourse" means that a party selling a financial asset is not liable for a borrower ...

We independently review everything we recommend. When you buy through our links, we may earn a commission. Learn more› By Rory Evans Rory Evans is a writer focused on skin-care and beauty products.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...